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Mrs. Josepina K., from the barangay of San Apolinario, Tangub City, Misamis Occidental, is 53 years old and now living with Cepreno Sejesmundo, a fisherman with an average daily income of P300.00. To make a living, Josepina has sold fish for 30 years, earning approximately 2,500 PHP a month.

In 2009, Josepina joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Now requesting a loan of 8,000 PHP, her second from PMPC, which she will use to purchase additional fishing nets, she plans to use the additional revenue generated from the business to improve the general living conditions of her family and save for future use and house improvements.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Paglaum Multi-Purpose Cooperative

Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.

In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.

About Philippines

  • $7,000
    Average annual income
  • 306
    View loans »
    Philippines Loans Fundraising
  • $70,616,725
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Josepina purchase of additional fishing nets.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 19, 2010
Jun 1, 2010
Currency Exchange Loss:
Feb 15, 2011